Author: Editor-In-Chief
This report is from this week’s CNBC UK Exchange newsletter. See what you see? You can subscribe here.dispatchcompass That rare beast is a British company that is a true global leader in this field.The world’s largest contract caterer serves 5.5 billion meals a year in schools, universities, workplaces, hospitals and sports venues in more than 25 countries and is considered financially sound.The company’s trading updates therefore tend to be less exciting, routinely containing news of organic sales growth, improving margins and new business successes as workplace catering operations are increasingly outsourced around the world.However, last week’s update raised even more…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Good morning, thank you for your hard work on Wednesday. We may have had to wait another five days for January’s nonfarm payrolls report, but at least the Winter Olympics gave us some time to kill. Norway currently leads the world with six gold medals, followed by the United States in fifth place with two gold medals.Stock futures are rising this morning as the average of the three major stocks trades mixed.Here are five important things investors need to know to start their trading day.1. Labor…
Tottenham are looking for a sixth permanent manager in seven years after sacking Thomas Frank – who will they turn to next?As it stands, the early indications are that an interim appointment until the end of the season is the most likely route Spurs will go down. There is expected to be a lot of change among head coaches at various clubs this summer, so it makes sense to wait until then to see who is available. Please use Chrome browser for a more accessible video player Spurs fan Chris Cowlin gives his reaction to the club sacking Frank ‘Glasner,…
The battle to tame spreadsheets with AI is far from over. A new company called Meridian has emerged from stealth with a more comprehensive IDE-based approach to agent financial modeling and deep pockets to build it. On Wednesday, the company announced it had raised $17 million in seed funding at a post-money valuation of $100 million. “Our goal is to make financial modeling and spreadsheets more predictable and auditable,” CEO and co-founder John Lin told TechCrunch. “How can we condense a process that traditionally took hours into about 10 minutes?” The round was led by Andresen Horowitz and General Partnership,…
Aerial view of Mt. Fuji, Tokyo Tower and modern skyscrapers in Tokyo on a sunny day.Eigen | E+ | Getty ImagesJapanese stocks are hitting record highs on the back of renewed confidence in domestic politics and the ruling government’s economic policies, but experts are warning of a disconnect between the stock market and economic fundamentals.Japanese Nikkei Stock Average Buoyed by the so-called “Takaichi trade” following Prime Minister Sanae Takaichi’s landslide victory in the House of Representatives, the number has exceeded 56,000, surpassed 57,000 and is approaching 58,000 in recent days.In Japan’s stock market, which is closed on Wednesday due to…
Apptronik, which aims to commercialize its humanoid robot Apollo, has raised $520 million in funding at a $5 billion valuation, potentially beating out Chinese rivals. Tesla’s Optimus goes to market.The new funding announced Wednesday brings Apptronik’s Series A funding round to $935 million. B Capital, chaired by Howard Morgan, co-led the transaction with: google.Located in Austin, Texas tesla Also home to the company’s headquarters, Uptronic is shaking up funds to improve Apollo’s humanoid robot and start producing more, CEO Jeff Cardenas told CNBC. Initial versions of the company’s Apollo robots are currently operating within designated areas of factories and warehouses…
Moderate Democrats, whose party aims to regain a majority in the U.S. House of Representatives in November, are offering an alternative to the message of economic populism promoted by more liberal Democrats.A new blueprint from the center-left New Democratic Party coalition, shared exclusively with CNBC, lays out a roadmap for tackling affordability, an issue voters care about without making flashy populist promises. “Buzzy sounds good on the surface, but it often leads to unintended consequences and unworkable solutions,” Rep. Brad Schneider of Illinois, chairman of the New Democratic Coalition, said in an interview. “We are hearing from people who are…
Israeli Prime Minister Benjamin Netanyahu will discuss possible military options against Iran with US President Donald Trump during a visit to Washington this week, two Israeli officials said, as Israel prepares for a contingency in the event US-Iran talks break down. One of the sources said Israel remains skeptical that early-stage negotiations between the United States and Iran will be successful, but is pushing to ensure that any potential deal not only preserves Israel’s freedom of military action but also protects its interests. One of the sources said Prime Minister Benjamin Netanyahu plans to present President Trump with new information…
Thomas Frank’s tenure at Tottenham ends in just eight months.Tuesday night’s 2-1 home defeat to Newcastle, winless in their last five games, was the final straw. Spurs have not won in the Premier League this year. Spurs were booed at both half-time and full-time of their defeat to the Magpies, with chants of “He’s fired this morning” and “I want Frank sent off” directed at the head coach. Frank replaced the popular Ange Postecoglou in the summer after seven successful years in charge at Brentford. Why didn’t it work out for Spurs? Use Chrome Browser for a more accessible video…
Ukraine, the victim of Russia’s brutal aggression that is causing a veritable humanitarian catastrophe this winter, is also caught between two types of Western populism. One is Donald Trump and his far-right counterparts in Europe, who care little about Ukraine or the rules-based order, only their own private interests. The other is the anti-Russia (and anti-Trump) hawks, who tend to wrap the cynical interests of the military-industrial complex in false liberal rhetoric, pretending to defend values they don’t really adhere to, which is not Ukraine anyway.As the Munich Security Conference, Europe’s most important event for foreign policy and military experts,…